Nefario

[greyhawk]

Didn't he have hair at one point?  I'm not sure the whole Lex Luthor thing is going over so well in the trust department.

[jasinlee]

[rebuilder]

I'm curious what kind of crack someone had to smoke to think this was remotely legal.

I'm not sure anyone did. IIRC, Nefario certainly didn't market his big idea as anything other than an... extralegal marketplace from the get-go. The real question is, why didn't it cause any alarm when he started to use his real name? According to the Wired interview, he was the only non-anonymous member of GLBSE - how was that supposed to pan out? How do you have a CEO or whatever he was considered in a clearly illegal enterprise who is entirely traceable, prosecutable and jailable?

[wachtwoord]

I'm curious what kind of crack someone had to smoke to think this was remotely legal.

I'm not sure anyone did. IIRC, Nefario certainly didn't market his big idea as anything other than an... extralegal marketplace from the get-go. The real question is, why didn't it cause any alarm when he started to use his real name? According to the Wired interview, he was the only non-anonymous member of GLBSE - how was that supposed to pan out? How do you have a CEO or whatever he was considered in a clearly illegal enterprise who is entirely traceable, prosecutable and jailable?

Under whose jurisdiction? Any jurisdiction taking any action whatsoever would have been completely out of line.

Then again, many are completely out of line quite often.

[SebastianJu]

A chinese exchange running by chinese persons has to be safe. US-government simply doesnt have a stand to sue them. Its only that nefario probably didnt thought that he can be reached, since he is no chinese.

[SebastianJu]

A chinese exchange running by chinese persons has to be safe. US-government simply doesnt have a stand to sue them. Its only that nefario probably didnt thought that he can be reached, since he is no chinese.

You don't understand how the game works.  If they operate in China in to avoid the regulation of another country then that other country starts seizing the assets of the customers doing business with the foreign operation.  They also start seizing assets and fining companies that do business with the offshore entity.

Thats maybe right... though problematic with bitcoins... they would need to know who owns which bitcoins. Which means they need infos from the NSA. Of course its easier for securities.

[darkmule]

How do you have a CEO or whatever he was considered in a clearly illegal enterprise who is entirely traceable, prosecutable and jailable?

Short answer?  You DON'T.  At least unless you're a moron.

[darkmule]

If you argue that there is something wrong with the basis of those laws you will never win that argument.

Doesn't that kind of depend on whether you actually bring some logic to the argument?  There are a lot of laws that are commonly accepted as being "valid" that are just plain wrong. 

I do agree with you that some bitcoiners are so reactionary in automatically dismissing any kind of majoritarian law that this basically results in radicalizing the whole community to the point that cryptocurrency itself is rejected as a radical concept.

This just isn't reality, though.

Bitcoin isn't going to destroy governments, although cryptocurrency itself makes a lot of government abuses less practical.

Governments aren't going to destroy Bitcoin.  They don't even want to, apparently.

However, there is a hell of a lot wrong with a lot of laws that Bitcoin does have a lot to do with addressing.  And I'll disagree with you.  We will win the fuck out of that argument.

[muyuu]

A chinese exchange running by chinese persons has to be safe. US-government simply doesnt have a stand to sue them. Its only that nefario probably didnt thought that he can be reached, since he is no chinese.

well, he moved it to England and told the govt what he was doing, and asked them to give him the okay.

they siad you are doing what??!!??

he is a dumbass...

Dumbass? Now he's founding companies with the spoils of the GLBSE smash and grab.

[darkmule]

The basis of the laws is to stop terrorism and criminal enterprises.

Again, I'll disagree.  The justification for the laws is stopping terrorism and criminal enterprises.  Their actual purpose is more nefarious.  And since you weren't very specific, the particular laws I'm talking about are USA PATRIOT and the vast tranche of laws pursued under the "War on Drugs."

[EuroTrash]

Nefario works for Coinfloor. http://www.wired.co.uk/news/archive/2013-10/29/coinfloor-launch

See the pic 

In good health and easy to find.

I wonder if he's going to show up his face at the btc1k party.
There might be some people there who'd love the chance to show him their true appreciation.

[Luigi]

Is there any chance to still get one's money back?